5 Reasons to Choose Tax over Audit | Big 4 Tax Manager
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- Are you interested in a career in accounting but don't know whether to choose Tax or Audit? As a Tax Manager at one of the Big 4, I've been happy with my decision to choose Tax and have never looked back. Based on almost 7 years of experience at a Big 4 accounting firm, I have compiled a list of 5 reasons why you might want to choose Tax.
0:37 More predicable hours & less busier than Audit
2:03 Comfort and stability of having a set work space
3:37 More variety of work and type of clients
5:13 Able to quantify value provided to clients
7:02 There will always be a demand for Tax services (despite IT innovations)
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WHO AM I:
I'm Gabrielle, a Tax Manager at one of the Big 4 Accounting Firms in Vancouver, Canada. I post weekly videos on personal finance, career, and work life balance.
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Disclaimer: Please note that this video is solely based on my opinion and experience, especially for Tax. I can also be bias considering I've been working in Tax my entire professional career! For references to Audit, it's mostly based on my experience taking courses in university, doing a short Audit rotation at work, as well as countless stories I heard from my Audit peers. I suggest that you network and talk to as many people as possible in the Tax and Audit field so that you can base your decision on sources that are directly relevant to you.
*This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
#big4accountant #taxvsaudit #careerintax
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“Tax busy season is less busy then audit busy season” lmao how much more busy can I get 😂😅
Damn it.. I just interviewed for audit. Tax sounds way nicer.Thanks for the info.
Totally agree will all the 5 reasons you mentioned!
I’m in industry and I agree with working hours and busy season with audit, month-end and year-end. I accidentally landed in a job that gave me a taste of management/financial accounting and tax but it’s now 100% tax and I freaking love it! It does get stressful with multiple
monthly deadlines but they are short lived.
I was freaking out because of what I keep reading about big4 busy season but nothing too specific! But thank you for this! I chose Tax over Audit and I’m honestly excited
Your videos are so inspiring! I plan on becoming a Tax Associate and was nervous about the exit options (in comparison to audit).
Do you plan on becoming a controller? Also may you please do a video about conventional and unconventional tax accountant exit options? I’ve been doing research online but hearing it from a verifiable professional is as good as it gets.
Keep doing what you’re doing!!!
Thanks for sharing your thoughts, I’ll keep on tuned to updates ✨
I totally agree that technology will improve the accounting field due to work being produced more efficiently. I like the idea of being able to have my own workspace. I can’t wait to take tax and experience it myself hopefully through an internship to see if it’s something I want to do 😁
hehehe spent the past days binge watching your videos! They are very helpful! Can you make a video about utilization vs. efficiency? Like how utilization is measured at big4?
Hi Gabrielle, thanks so much for sharing. I'm already starting my career in Tax (Big 4 also) but lately I was thinking of pursuing audit. I think I'm staying in Tax after watching your video 😂
your videos are really helpful thank you!!
Great video! Agree with all of them!
Great video,thank you😁
Great video. Thanks!
hi, thanks for sharing. totally agree, it's because taxes are very promising :D
Thank you for the good quality videos!! Please share your tips and experiences regarding internveiws and resume!! :))
Thanks so much for your videos
The beauty of Preparing taxes is that if you agree to the client's net income/loss on the business tax return, you know you are on the right track!
Thank you. This helps….
Awesome!
Could you please make a video training about what kind of tasks you have to accomplish on most of the time at work. Kind reading reports, or producing reports. Etc
Sorry I realised I wrote everything wrong.. I meant showing the task you do the most.. like how your time is devided.. move time reading, or communicating by email or meetings or producing reports.. I'm trying to visualize how I would like it.. i like producing rapports and the communication part of my job.. but not that much reading long documents.
Thank you very much for providing this valuable information.
Q1 Can you please tell which is a better place to work in Canada Big 4, mid tier firms or small accounting firms?
Q2) Can you please also tell which is the best province to work in Canada in Tax ( pay, work life balance)
Thank you
Thank you
Overtime gets you to the hour requirements faster for your CPA certification. I’d personally just get my CPA cert and gtfo out of the big 4 and never look back
Why would you leave?
@@StrengthofSalvation because B4 sounds awful...
I am kinda loving the con of traveling to the client sites... I guess I’m an extrovert 🕶
Hello. Is it important that you have experience first in audit or accounting before you go to tax? Thank you😊
Thank you
Im just a few months into audit and im already tired of it 😭 i'd probably switch to tax in the near future
Toward the end of the video, you mention that you do not think IT will ever replace the need for tax accountants. Do you still feel the same way the recent developments of AI?
I’m in the 4th year of my University right now! I just applied a role in Tax and Internal Audit >< cross fingers I get short listed for tax
Can anyone share their experiences, and maybe some tips, with the US Tax team at PwC? I am planning to apply for the US Tax Associate position which is an entry level position. I am reluctant to continue since I am not very knowledgeable with Taxation.
Hey great content! I just got an internship at Deloitte in Global Mobility Tax, UK. Ive found some of your content really helpful throughout the interview and recruitment process. Any advice on how best to prepare or what to expect?
hi alex, so did i! i’ll be based in london, what about you?
Gabrielle is love ❤
Hey Gabrielle! I just found your channel and I am so grateful for all the info ☺️ I am currently studying both law and accounting (specializing in tax and audit) and I’m leaning towards working in tax. Since you work in tax consulting, do you interact with a lot of tax law? I’ve been told that there’s a difference between what tax lawyers and tax consultants do, would that be accurate? Is it possible to get a job in tax that would make use of both my legal and accounting knowledge?
Thank you for sharing your experience!
@@GabrielleTalksMoney Thank you Gabrielle!
I am in a similar situation , i cant see the answers you guys exchanged, can you please share what was the conclusion ?
@@scarlettc8566 Hello Scarlett, sorry for responding to your message so late (I actually didn’t see it in my notifications until today).
But this was Gabrielle’s response to my question: “ I briefly talk about tax lawyers in my video Why I Chose Tax, but the main difference is that lawyers can go to court if clients have a dispute with CRA or IRS. As a Tax Accountant, I definitely read the tax act everyday, especially if you're writing a tax memo for the client. Hope that helps! “
@@mayodubah Thank you for replying back to me . I am just glad you saw my question . Do you still have plans for law school ?
@@scarlettc8566 No worries Scarlett :) I’m actually one year away from finishing both law school and my accounting qualifications. Are you also working towards a profession in tax law?
Hi, your channel is very good, congratulations. I intend to study an undergraduate degree in International Taxation in Germany (I am already accepted), the only doubt I have is regarding my age, since I am 37 years old, then I would like to know if that could play against me when I start working, since I would finish at 40. I would like to work in one of the Big Four, but I don't know if I have chances because of my age. I would appreciate any comments.
Greetings!!!
do you need to be an accounting major and a cpa?
Hi, I am your channel subscriber, you also deals with crypto, have you any experience with shakepay. I just opened my account with them with $1000, but they are not activating my cash out to bank link, I think they are scams, Any advise?
I’m applying for a transfer pricing graduate program and Idk how I feel about that. I worry that maybe it isn’t a good idea to start off doing something specific you know? That maybe doing general corporate taxation would be better for me. What do you think? Do you believe that starting off at transfer pricing is a good kick start for a career in tax accounting??
I would say transfer pricing is specific but has lots of global mobility. General corporate tax is also good if you aren't clear what area of tax you want to pursue. I think it ultimately comes down to doing your research and where you see yourself in the future!
I hate tax :) I did for hedge fund tax for 8 years so far.
@@GabrielleTalksMoney I just had an interview with IRS international tax team. I want to get out of big4 haha.
Are you in Canada?
Tax >>>>